Energy Transfer LP (ET.PI) stock
ET.PITXSENatural Gas TransmissionFiscal year ends December 31Also trades as ET
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/3043% below fair value
$10.66−0.22 (-2.02%)
Close on Oct 19, 2026Market cap $36.71BP/E –Yield –
Energy Transfer LP operating income
Operating income is the profit from the core business after operating expenses such as R&D and selling costs, before interest and taxes.
Energy Transfer LP's operating income for the twelve months ending Jun 30, 2026 was $10.78B, up 16.5% year over year. For fiscal 2025 it was $9.03B, down 1.2% from the year before. Over ten years it grew 14.7% a year on average. The highest annual figure on record is $9.14B in fiscal 2024.
Annual operating income
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.03B | -1.2% |
| FY2024 | Dec 31, 2024 | $9.14B | +10.2% |
| FY2023 | Dec 31, 2023 | $8.30B | +7.2% |
| FY2022 | Dec 31, 2022 | $7.74B | -12.0% |
| FY2021 | Dec 31, 2021 | $8.79B | +195.0% |
| FY2020 | Dec 31, 2020 | $2.98B | -58.6% |
| FY2019 | Dec 31, 2019 | $7.20B | +33.3% |
| FY2018 | Dec 31, 2018 | $5.40B | +98.6% |
| FY2017 | Dec 31, 2017 | $2.72B | +47.0% |
| FY2016 | Dec 31, 2016 | $1.85B | -19.1% |
| FY2015 | Dec 31, 2015 | $2.29B | -7.4% |
| FY2014 | Dec 31, 2014 | $2.47B | +59.3% |
| FY2013 | Dec 31, 2013 | $1.55B | +14.0% |
| FY2012 | Dec 31, 2012 | $1.36B | +9.9% |
| FY2011 | Dec 31, 2011 | $1.24B | +18.5% |
| FY2010 | Dec 31, 2010 | $1.04B | -6.0% |
| FY2009 | Dec 31, 2009 | $1.11B | +1.0% |
| FY2008 | Dec 31, 2008 | $1.10B | – |
Quarterly operating income
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | $3.57B | +54.8% |
| Q1 FY2026 | Mar 31, 2026 | $2.98B | +19.8% |
| Q4 FY2025 | Dec 31, 2025 | $2.08B | -8.9% |
| Q3 FY2025 | Sep 30, 2025 | $2.15B | -1.4% |
| Q2 FY2025 | Jun 30, 2025 | $2.31B | +0.5% |
| Q1 FY2025 | Mar 31, 2025 | $2.49B | +4.7% |
| Q4 FY2024 | Dec 31, 2024 | $2.28B | +5.3% |
| Q3 FY2024 | Sep 30, 2024 | $2.18B | -2.3% |
| Q2 FY2024 | Jun 30, 2024 | $2.30B | +25.2% |
| Q1 FY2024 | Mar 31, 2024 | $2.38B | +15.4% |
| Q4 FY2023 | Dec 31, 2023 | $2.17B | +19.9% |
| Q3 FY2023 | Sep 30, 2023 | $2.23B | +13.2% |
| Q2 FY2023 | Jun 30, 2023 | $1.84B | -13.2% |
| Q1 FY2023 | Mar 31, 2023 | $2.06B | +11.7% |
| Q4 FY2022 | Dec 31, 2022 | $1.81B | +6.9% |
| Q3 FY2022 | Sep 30, 2022 | $1.97B | +37.3% |
| Q2 FY2022 | Jun 30, 2022 | $2.11B | +32.3% |
| Q1 FY2022 | Mar 31, 2022 | $1.85B | -54.6% |
| Q4 FY2021 | Dec 31, 2021 | $1.69B | +26.1% |
| Q3 FY2021 | Sep 30, 2021 | $1.44B | +488.9% |
| Q2 FY2021 | Jun 30, 2021 | $1.60B | +19.5% |
| Q1 FY2021 | Mar 31, 2021 | $4.07B | +6570.5% |
| Q4 FY2020 | Dec 31, 2020 | $1.34B | -17.7% |
| Q3 FY2020 | Sep 30, 2020 | $244.00M | -86.7% |
| Q2 FY2020 | Jun 30, 2020 | $1.34B | -26.6% |
| Q1 FY2020 | Mar 31, 2020 | $61.00M | -96.8% |
| Q4 FY2019 | Dec 31, 2019 | $1.63B | +14.7% |
| Q3 FY2019 | Sep 30, 2019 | $1.83B | +7.5% |
| Q2 FY2019 | Jun 30, 2019 | $1.82B | +61.5% |
| Q1 FY2019 | Mar 31, 2019 | $1.93B | +75.2% |
| Q4 FY2018 | Dec 31, 2018 | $1.42B | +389.3% |
| Q3 FY2018 | Sep 30, 2018 | $1.70B | +82.9% |
| Q2 FY2018 | Jun 30, 2018 | $1.13B | +51.5% |
| Q1 FY2018 | Mar 31, 2018 | $1.10B | +45.3% |
| Q4 FY2017 | Dec 31, 2017 | $290.00M | -79.6% |
| Q3 FY2017 | Sep 30, 2017 | $931.00M | -45.3% |
| Q2 FY2017 | Jun 30, 2017 | $743.00M | – |
| Q1 FY2017 | Mar 31, 2017 | $757.00M | – |
| Q4 FY2016 | Dec 31, 2016 | $1.42B | – |
| Q3 FY2016 | Sep 30, 2016 | $1.70B | – |